-
What Investors Need to Know to Make the Right Play in Oil
Wednesday, February 16, 2011 - 12:39pm | 841By Tom Clancy After hearing a commentator on TV recommend investors buy Transocean (RIG) and Diamond Offshore Drilling (DO) as a “derivative oil trade," I felt compelled to share some insight that investors and traders alike should consider before taking such positions. Understanding the difference...
-
Options Brief: Nabors Industries (NBR)
Tuesday, February 15, 2011 - 3:52pm | 89Shares of Nabors Industries (NYSE: NBR) are lower on the session by 1.59%, trading at $26.02. Overall call volume is now running at 3.43x the daily average, with 69% of all calls traded being purchases on the offer. 14,079 contracts have traded on the session so far. Nabors Industries Ltd. is a...
-
J.P. Morgan Raises PT on Rowan Companies to $43 (RDC)
Monday, February 14, 2011 - 11:29am | 141J.P. Morgan is out with its report today on Rowan Companies (NYSE: RDC), increasing its price target from $36 to $43. In a note to clients, J.P. Morgan writes, "We rate RDC Overweight with a $43 Dec 2011 price target (up from $36). Rowan is currently trading at 9.8x adjusted 2012E P/E, which is...
-
Options Brief: Hercules Offshore, Inc. (HERO)
Monday, February 14, 2011 - 11:21am | 93Shares of Hercules Offshore, Inc. (NASDAQ: HERO) are higher on the session by 17.82%, trading at $4.26. Overall call volume is now running at 3.23x the daily average, with 21% of all calls traded being purchases on the offer. 1,734 contracts have traded on the session so far. Hercules Offshore,...
-
Morning Market Movers (STRZ, HERO, OPWV, MEAD)
Monday, February 14, 2011 - 10:56am | 162Star Buffet Inc (NASDAQ: STRZ) shares advanced 21.79% to $1.90 at 9:55 am. STRZ shares have dipped 48.17% over the past 52 weeks, while the S&P 500 index has gained 23.58% in the same period. Hercules Offshore Inc (NASDAQ: HERO) shares surged 20.44% to $4.36. Seahawk Drilling Inc (NASDAQ: HAWK...
-
Pre-Market Movers (HERO),(GLUU),(ATML),(STEC),(CBST)
Monday, February 14, 2011 - 9:54am | 42Pre-Market Movers (HERO),(GLUU),(ATML),(STEC),(CBST)..
-
Benzinga's Top Pre-Market NASDAQ Losers (HAWK, HUGH, GMCR, ENER)
Monday, February 14, 2011 - 9:27am | 159Seahawk Drilling Inc (NASDAQ: HAWK) dipped 57.85% to $3.33 in the pre-market session. INFN projected Q1 below expectations. HAWK has filed for bankruptcy protection and announced its plans to sell its assets to Hercules Offshore Inc (NASDAQ: HERO) for $105 million. Hughes Communications Inc (NASDAQ...
-
Benzinga's Top Pre-Market NASDAQ Gainers (BPAX, STEC, HERO, OPWV)
Monday, February 14, 2011 - 9:19am | 160Biosante Pharmaceuticals Inc (NASDAQ: BPAX) rose 10.39% to $2.55 in the pre-market session. BPAX reported positive safety data in its LibiGel Phase III clinical development program. STEC Inc (NASDAQ: STEC) added 8.53% to $25.82 in the pre-market session. STEC reported upbeat Q4 revenue. Hercules...
-
Hercules Offshore Trading Significantly Higher Pre-Market (HERO)
Monday, February 14, 2011 - 9:18am | 59Hercules Offshore (NASDAQ: HERO), is trading significantly higher in pre-market trading. At the time of posting, shares of HERO were trading at $4.30, up 18.78% from Friday's close. Hercules Offshore will acquire certain assets from Seahawk Drilling (NASDAQ: HAWK), which plans to file for...
-
Jefferies Comments On Hercules Offshore (HERO)
Monday, February 14, 2011 - 9:14am | 100Jefferies commented on Hercules Offshore's (NASDAQ: HERO) purchase announcement to Seahawk Drilling (NASDAQ: HAWK) in a research report published this morning. In the report, Jefferies states, "With the GOM market finally showing signs of modest improvement and international jack-up markets poised...
-
Gabelli Maintains Transocean Buy, Changes Estimates (RIG)
Friday, February 11, 2011 - 11:50am | 106Gabelli & Company maintained its Transocean (NYSE: RIG) Buy rating, lowered its 2011 Transocean estimate, and raised Transocean's 2012 estimate. In the report, Gabelli states, "We are maintaining our 2010 EPS estimate of $6.20, lowering our 2011 estimate to $6.30 from $6.65 to reflect increased...
-
Jefferies Reiterating Buy Rating On Ensco (ESV)
Thursday, February 10, 2011 - 11:12am | 147Jefferies is reiterating Ensco's (NYSE: ESV) Buy rating after the company's announced acquisition of PDE. The Jefferies report states, “we are taking a more detailed look at the ESV-PDE combination and reiterating our Buy rating on ESV. Overall, we believe the Pride (PDE, $38.85, Hold) acquisition...
-
Wells Fargo Upgrades PDE To Outperform From Market Perform
Tuesday, February 8, 2011 - 9:43am | 39Wells Fargo is upgrading Pride International, Inc. (NYSE: PDE) to Outperform from Market Perform, and is increasing its valuation range to $45-46 from $34-36 per share. Pride International closed Monday at $39.80.
-
Wells Fargo Upgrades ESV To Outperform
Tuesday, February 8, 2011 - 9:41am | 24Wells Fargo is upgrading shares of Ensco plc (NYSE: ESV) to Outperform. Ensco closed Monday at $52.13.
-
Benzinga's Top Upgrades (APOG, MGM, SHAW, PDE)
Tuesday, February 8, 2011 - 9:13am | 138Apogee Enterprises Inc (NASDAQ: APOG) was upgraded by Canaccord from "hold" to "buy." APOG's shares closed at $13.14 yesterday. Apogee's trailing-twelve-month revenue is $583.48 million. BofA/Merrill upgraded MGM Resorts International (NYSE: MGM) from "neutral" to "buy." MGM's shares closed at $14....